Closing Costs For South Florida Homes For Sale

There are certain standard costs associated with the closing of South Florida homes for sale. These fees are split between the buyer and the seller, as spelled out in the sales contract during a South Florida real estate transaction.

As I negotiate the sales contract for you, I will not only work to get the sales price you want, I will also work to limit the number of closing costs for which you will be responsible.

I will walk you through the typical Fort Lauderdale real estate closing costs, answering any questions you may have explaining which costs are decreed by law to be yours and which are negotiable.

Good Faith Estimate In Fort Lauderdale Real Estate Transactions

South Florida Real Estate Buyers will receive a "Good Faith Estimate" of closing costs at the time the loan application is submitted to the lender after they have made their choice from the available south Florida homes for sale. The estimate is based on the loan officer's past experience and may not include all the closing costs. I will be glad to review the "Good Faith Estimate," answering questions and highlighting missing costs and estimates I believe to be low for the Fort Lauderdale real estate market.

Standard Closing Costs

Loan-Related Costs

• Loan Origination Fee
• Points (optional)
• Appraisal Fee
• Credit Report
• Interest Payment
• Escrow Account

Taxes

• Property Taxes
• Transfer Taxes and Recording Fees

Insurance

• Homeowners Insurance
• Flood or Quake Insurance
• Private Mortgage Insurance (PMI)
• Title Insurance